China’s Economy Likely Grew at Weakest Pace in Six Quarters
- Data on Friday set to show GDP grew 4.5% y/y in third quarter
- Traders are still waiting for more details on fiscal stimulus
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China’s economy likely grew at its weakest pace in six quarters, prompting Beijing to roll out a swath of stimulus measures in late September to draw a line under the slowdown.
Data on Friday is set to show the economy expanded 4.5% in the third quarter from a year ago, according to economists surveyed by Bloomberg. That would be the least since March 2023, though it should keep expansion for the first nine months at 4.9%, in line with Beijing’s annual goal of around 5%.